Analysts Set JFrog Ltd. (NASDAQ:FROG) Target Price at $43.46

JFrog Ltd. (NASDAQ:FROG) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $43.46.

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. Oppenheimer lifted their target price on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Truist Financial lifted their target price on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Needham & Company LLC lifted their target price on JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. Finally, KeyCorp started coverage on JFrog in a research note on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 target price on the stock.

JFrog Stock Performance

NASDAQ FROG opened at $43.92 on Friday. The company has a market capitalization of $4.47 billion, a P/E ratio of -73.20 and a beta of 0.99. JFrog has a one year low of $17.11 and a one year high of $48.81. The stock has a 50 day moving average price of $40.06 and a 200-day moving average price of $32.10.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. As a group, equities analysts predict that JFrog will post -0.21 EPS for the current fiscal year.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $31.34, for a total value of $188,040.00. Following the sale, the executive now owns 545,755 shares in the company, valued at $17,103,961.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other JFrog news, CRO Tali Notman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $31.34, for a total value of $188,040.00. Following the sale, the executive now owns 545,755 shares in the company, valued at approximately $17,103,961.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Yoav Landman sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $47.28, for a total value of $5,200,800.00. Following the completion of the sale, the chief technology officer now owns 6,811,371 shares in the company, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Insiders have sold a total of 472,555 shares of company stock worth $20,934,357 over the last quarter. Insiders own 30.60% of the company’s stock.

Institutional Investors Weigh In On JFrog

Hedge funds have recently bought and sold shares of the stock. Frazier Financial Advisors LLC purchased a new stake in JFrog in the 4th quarter worth approximately $35,000. Sunbelt Securities Inc. acquired a new position in shares of JFrog during the 1st quarter worth approximately $25,000. Fred Alger Management LLC acquired a new position in shares of JFrog during the 3rd quarter worth approximately $35,000. Advisors Asset Management Inc. raised its stake in shares of JFrog by 148.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 829 shares during the period. Finally, US Bancorp DE raised its stake in shares of JFrog by 84.9% during the 2nd quarter. US Bancorp DE now owns 2,047 shares of the company’s stock worth $57,000 after buying an additional 940 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.